November 23, 2024 04:45 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'Third World War has begun:' Ex-Ukraine military commander-in-chief Valery Zaluzhny | UK-India Free Trade Agreement negotiations to resume in early 2024 | UK can arrest Benjamin Netanyahu if he visits country based on ICC warrant | Centre to send over 10,000 additional soldiers to violence-hit Manipur amid fresh violence | Chhattisgarh: 10 Maoists killed during encounter with security forces in Sukma

World Bank predicts 'sharp slowdown' for global economy this year despite improvement

The global economy is likely to experience a significant slowdown this year, under the influence of elevated interest rates, the ongoing repercussions of Russia's invasion of Ukraine, and the persistent impacts of the coronavirus pandemic, the World Bank said in its latest outlook.